UOB Business Loan

  • Access up to S$550,000 to fund your working capital needsAccess up to S$550,000 to fund your working capital needs

    Get the business loan that takes you places

    Get a UOB Business Loan to fund your growth plans and stand to win a trip for 2 to Tokyo, Club Med stay in Maldives or other attractive prizes*!

    Terms and conditions apply

    Apply Now

Lucky Draw Promotion

Stand to win a pair of Singapore Airlines business class tickets to Tokyo, Club Med stay in Maldives amongst other attractive prizes* with total worth of up to S$27,000 when you successfully sign up for UOB Business Loan by 31 December 2018!

 

 

Lucky Draw Prizes*

A total of 15 lucky winners will stand to win one of the following prizes. Winners will be notified by post on end February 2019.

 PrizeDescription
1st 1 pair of SQ Business Class tickets to Tokyo worth S$11,000
2nd 4D3N stay at Club Med Maldives Kani worth S$4,600
3rd Dining for 10 persons at Tong Le Private Dining worth S$2,100
4th – 5th iPhone XS 64GB worth approximately S$1,650
6th – 7th Rimowa Check-in Luggage L worth approximately S$1,200
8th – 10th S$800 worth of Imperial Treasures Vouchers
11th – 15th Nespresso Latissimo One Machine worth S$448

*Upon successful sign up and disbursement, participants will receive an SMS to notify their eligibility.
Terms and conditions of the UOB Business Loan Lucky Draw Promotion apply.

UOB Business Loan

Highest loan quantum~ of up to S$550,000 to boost your working capital

Highest loan quantum~ of up to S$550,000 to boost your working capital

UOB Business Loan is comprised of UOB BizMoney, SME Working Capital Loan and SME Micro Loan to provide the highest loan amount with up to 5 years loan repayment for your business needs.

No collaterals required

There is no requirement to pledge any property or deposit as collaterals to apply for this loan. Personal guarantee(s) may be required.

Hassle-Free Application

Hassle-Free Application

Apply for your UOB business loan with minimal documents required and get a response in 24 hours^

Step 2

Complete the loan application form and submit the documents required

Step 3

Application has been approved. You proceed to sign the loan agreement and funds will be disbursed subsequently

Loan Installment Calculator

Use this calculator to find out the indicative monthly installment payment of your UOB Business Loan.
 
Loan Amount(up to 500,000)
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Tenure(up to 30 years)
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Interest rate (indicative rate at 8.5%)
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Repayment summary

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There would be an estimate repayment of

4,553(Effective Interest Rate of x.xx%)

To assist you in your planning, we are pleased to provide you with a loan repayment schedule for your working capital needs. For more details, visit any of our UOB branches or request a callback from us.

 

Customer Story

Proper financial planning is not just marketing spiel for the average Joe, as it also applies to SMEs just like coffee business, Papa Palheta. Besides prudent spending and reinvesting profits, the coffee enterprise does not shy away from different sources of funding, as it can prove to be essential when it comes to expanding the business.

 

Growing a coffee empire

In this video, Leon Foo, owner of Papa Palheta and Chye Seng Huat Hardware, shares his thoughts on growing his coffee business, the importance of diversification to stay relevant and taking up the UOB Business Loan to fund his expansion plans.

Lucky Draw Promotion: Get a UOB Business Loan to fund your growth plans and stand to win a trip for 2 to Tokyo, Club Med stay in Maldives or other attractive prizes*!

*Terms and conditions apply.

Apply Now

Eligibility and FAQ

Eligibility

 

  • Sole Proprietor, Partnership or Private Limited Company
  • Minimum 3 years in business
  • Registered and operating in Singapore
  • At least 30% local shareholding1
  • Company's group annual sales of not more than S$100 million OR company's group employment size of not more than 2001 2

1Only applicable to SME Working Capital Loan or SME Micro Loan

2Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down).

FAQs

UOB Business Loan is a bundled loan facilities which combines SPRING’s SME Working Capital Loan, SME Micro Loan and UOB BizMoney.

The UOB Business Loan aims to help SMEs expand their business and gain access to working capital financing to support their day-to-day business operations.

The UOB Business Loan is most suited for businesses looking to expand their business and therefore require additional funds in their daily operations. SMEs with the need to automate or upgrade their factories and equipment can also benefit from this loan.

SME Micro Loan and SME Working Capital Loan are Enterprise Singapore initiatives to help local small businesses gain unsecured working capital financing under the Local Enterprise Finance Scheme (LEFS).

From the Enterprise Singapore SME Micro Loan and SME Working Capital Loan, local enterprises can get a total of up to $400,000 loan if they meet the following criteria:

  • Company registered and operating in Singapore
  • At least 30% local shareholding
  • Group annual sales of ≤ S$100m or group employment size ≤ 200^

^Annual sales turnover and employment size will be computed on a group basis (i.e. All levels up for corporate shareholders holding > 50% of total shareholding of the applicant company and any subsequent corporate parents, and subsidiaries all levels down)

You may use our UOB Business Loan Installment Calculator to find out the indicative monthly installment payment of UOB Business Loan.

UOB business loan consists of UOB BizMoney, SME Micro Loan and SME Working Capital Loan and you may apply for any of them. The respective terms and conditions governing BizMoney, SME Micro Loan and SME Working Capital Loan apply and are contained in the application form and other offer documents, including the facility letter.

~Information is accurate as of 08 May 2017

#Personal guarantees may be required.

^For enquiries that reach UOB within the Stipulated Timing, we will contact you by the next Business Day with an indicative loan amount that you may apply for. “Business Day” is defined as Mondays to Fridays (Singapore date and time, and excluding Singapore public holidays). “Stipulated Timing” is defined as 8am to 8pm from Mondays to Saturdays (Singapore date and time, and excluding Singapore public holidays). For enquiries that reach UOB at times other than the Stipulated Timing, we will contact you within two Business Days after UOB receives your enquiries, with an indicative loan amount that you may apply for. Full product terms and conditions apply. The quote of the indicative loan amount is based on the information provided by the customer and does not constitute an offer, an invitation to offer, a solicitation or recommendation to enter into or conclude any transaction, and the quote of the indicative loan amount is not a contractual agreement by UOB to provide the UOB business loan or any other products/ services to the customer. Accordingly, the actual approval of the UOB business loan application is subject to the submission of the required full and complete documentation as UOB may so require at its discretion and UOB’s credit assessment. UOB has the absolute right and discretion to decide, for whatever reason and without prior notice and without being liable to any person, whether to approve the customer’s application for the UOB business loan and whether (i) to grant (or not to grant) the customer the amount of the UOB business loan requested for in the customer’s application form; or (ii) to grant the customer a lower amount from the amount of the indicative loan amount quoted or from the amount of the UOB business loan requested for in the customer’s application form. Visit uob.com.sg/businessloan for more information.